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10 02, 2020

Millennials greatly value homeownership

By |2020-02-19T10:52:44-06:00February 10th, 2020|News|0 Comments

Most millennials value the purchase of a home over most other life decisions including marriage. Millennial home buyers are taking a long, careful approach to buying Millennial home buyers are a very calculating demographic. According to a Bank of America study conducted in 2018, most millennials value homeownership (72%) over over life events such as marriage (50%) or having children (44%). Therefore, they find themselves making very careful, well-planned home buying decisions. Needless to say, a home buyer should always take a methodical approach to purchasing regardless of age or financial position. Need advice for [...]

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5 07, 2018

Professionals do it better

By |2020-02-19T10:53:56-06:00July 5th, 2018|News|0 Comments

Would you perform your own surgeries or dental work? If your answer to the question is "no", then I have a follow-up question. Do you trust professionals with expertise in a specific topic? If your answer is "yes", then next time you are assessing real estate, I highly recommend hiring a REALTOR. Professional of all types cost money Professionals do not work for free. Have you ever visited your doctor and expected the trip to be pro bono? Of course not. REALTORS are no different. The principle advantage is exposure. Hiring a REALTOR allows your property [...]

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2 11, 2017

Short-term rental services decrease single family homes

By |2020-02-19T10:54:27-06:00November 2nd, 2017|Homeowners, Investment, Property Value|0 Comments

2017 data shows a decrease in the number of single family homes for sale in Oxford, MS though an increase in sales price. Declining number of homes for sale Throughout the year, there has been declining housing inventory. Several factors play into this trend as shown here. The Wall Street Journal has also cited the effect of Airbnb as a catalyst of rising home prices and rents. For the full WSJ article, click here. National and local rent trends Edward Kung, an assistant professor of economics at the University of California Los Angeles, told The Wall [...]

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27 09, 2017

Residential market comparison

By |2020-02-19T10:54:33-06:00September 27th, 2017|Oxford property sold|0 Comments

Sales prices of Oxford, MS homes continue to increase as the population continues to grow. Statistics for Oxford, MS residential market Here is some helpful research data for Oxford buyers, sellers, and property owners. Presented are the Lafayette County and Oxford, MS residential market sales for January - August 2016 and January - August 2017. In addition, it is important to note that the residential market sales include condo/townhouse sales statistics as well. Due to the number of condo/townhouse sales, statistics are likely skewed to this property type. Likewise, the residential market sales are requiring [...]

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16 08, 2017

The 5 worst mistakes that Oxford homebuyers make

By |2020-02-19T10:54:44-06:00August 16th, 2017|Home Buyers, Projects|0 Comments

Check out these real-life homebuyers mistakes to prevent falling into the same traps in Oxford MS real estate. 1. Spending too much money on a wedding or event Millennials are proven to spend large amounts of money on bachelorette and bachelor excursions that can rival the cost of many honeymoons. Many of these excursions are exceeding $1000 and costing you and your best friends at the opportunity of making a down payment to make your new married life better. 2. Buying too large of a home in the Oxford MS real estate market Many expecting parents [...]

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14 08, 2017

Is it a good time to sell real estate in Oxford

By |2020-02-19T10:54:49-06:00August 14th, 2017|Homeowners, Oxford Homes For Sale, Oxford MS Condos for Sale, Oxford property sold, Selling Your Home|0 Comments

Can renters afford to give the key back to landlord and buy real estate in Oxford? A 2017 poll for National Association of Realtors® indicates that 71% of homeowners believe that it is a good time to sell. The trend has increased over the course of the year. Here are the current market trends of real estate in Oxford and Lafayette County. Real Estate in Oxford For buyers looking in Oxford, there is low condo inventory. Consequently, many buyers are forced to pay more for properties to beat out the competition. The strength of the seller [...]

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